Award

Early Years Investment Fund Manager

DEPARTMENT FOR EDUCATION

This public procurement record has 2 releases in its history.

Award

23 May 2017 at 10:08

Award Notice
Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The Department for Education (DfE) is conducting a public procurement process for the position of Early Years Investment Fund Manager, related to the establishment of a funding vehicle aimed at increasing early years childcare provision in England. This initiative focuses on supporting private and voluntary providers who will deliver the 30 hours of free childcare to working families starting from September 2017. The procurement is currently in the award stage, following the closing date for submitting proposals on 3rd October 2016. The value of the contract is set between £3,000,000 and £8,000,000 and will commence on 31st March 2017, with a duration extending until 31st March 2039.

This tender presents a significant opportunity for businesses engaged in financial and insurance services, particularly those specialising in fund management and childcare sectors. Companies that can demonstrate expertise in developing funding solutions for educational settings would be particularly well-suited to compete. Small and medium-sized enterprises are eligible to participate, which opens up avenues for new entrants to the market and encourages innovation in supporting early childcare initiatives in England.

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Notice Information

Notice Title

Early Years Investment Fund Manager

Notice Description

This Contract Notice is issued by the Department for Education (DfE) and is an opportunity relating to the establishment of a funding vehicle (the "Early Years Investment Fund" ("EYIF")) designed to increase the provision of early years places in England, focusing on those private and voluntary providers who will deliver the 30 hours of free childcare that will be available to working families from September 2017. See 'Attachments' for further details. Additional information: Registering to use Huddle and submission of PQQ responses: Requests to participate must be made by completion and return of a Pre-qualification questionnaire (PQQ). The PQQ and other procurement documents (including the Descriptive Document) are available through the following URL link: https://files.mills-reeve.com/app?operation=pubopp&id=1472566682987X10A1A21A8Rwb8r In order to submit a completed PQQ response Suppliers must register to use "Huddle" (which is the on-line platform to be used by the DfE for the remainder of this procurement process and through which completed PQQ responses must be submitted). Suppliers should therefore read the "Instructions to Suppliers" document, which is also available through the above link, and ensure they follow the instructions to register to use Huddle in good time to be able to submit a PQQ response by the PQQ response deadline. The DfE reserves the right to discontinue the procurement process at any time, which shall include the right not to award contracts/s and does not bind itself to accept the lowest tender, or any tender received, and reserves the right to award the contract/s in part, or to call for new tenders should it consider this necessary. The DfE shall not be liable for any costs or expenses incurred by any Supplier in connection with the completion and return of the information requested in this notice or in participating in this procurement process, irrespective of the outcome of the competition or if the competition is cancelled or postponed. All dates, time periods and values specified in this notice are provisional and the DfE reserves the right to change these.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-20222ec6-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3636787a-81ad-4a04-9e78-ef5be8bfcba1
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£175,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 May 20178 years ago
Submission Deadline
3 Oct 2016Expired
Future Notice Date
Not specified
Award Date
14 May 20178 years ago
Contract Period
15 May 2017 - 31 Dec 2017 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR EDUCATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FSE FUND MANAGERS

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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